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The Japanese Labor Ministry announced that it has recognized that one Fukushima cleanup worker has contracted cancer. Some 44,000 workers have participated in the cleanup after the nuclear disaster in 2011. Most of the workers’ health history is undocumented while the government cracks down on journalists who document the government’s and Fukushima Daiichi operator TEPCO’s cover-up of the impact on workers’ health.

Some 44,000 workers have participated in the cleanup operation at the crippled Fukushima Daichi Nuclear Power plant since the plant was struck by three reactor core meltdowns, spent fuel fires, and the distribution of highly radioactive spent fuel rods and pellets during an explosion. The vast majority of the cleanup workers belong to socio-economically underprivileged strata of Japan’s society, including long-term unemployed and the homeless. Fukushima Daiichi operator TEPCO has been criticized for outsourcing the recruitment of cleanup workers to sub-contractors with ties to Japan’s organized crime network, the Yakuza. While the Labor Ministry’s admission that one cleanup worker contracted leukemia due to exposure to radioactive nucleides during his work at the disaster site may seem like “progress”, it merely covers the tip of an iceberg. Several factors contribute to what amounts to a systematic cover-up of the true impact on the health of cleanup workers. For one, there is Japanese legislation that threatens anyone, including journalists who disclose unauthorized information about the disaster and its detrimental health and environmental impact with up to ten years imprisonment.

Another factor is the systematic intimidation and threats against investigative journalists by the Japanese government, Japanese police, TEPCO, as well as by organized crime networks. One example is the case of independent journalist Mako Oshidori who interviewed and documented the cases of numerous cleanup workers. In 2014 Mako reported that she discovered a TEPCO memo, in which the Fukushima Daiichi operator TEPCO instructs officials to “cut Mako-chan’s (questions) short, appropriately”. Mako Oshidori was enrolled in the School of Life Sciences at Tottori University Faculty of Medicine for three years. Mako revealed that TEPCO and the government cover-up the death of Fukusjima workers and that government agents began following her around after she began investigating the cover-up.

As crazy as it sounds, the Saudis are going broke. Of course you wouldn’t know it if you read the account of King Salman’s latest visit to Washington which included booking the entire DC Four Seasons and procuring a veritable fleet of Mercedes S-Class sedans.

You’d also be inclined to think that everything is fine if you simply looked at SAMA holdings (i.e. FX reserves) which still total nearly $700 billion. 

The problem however, is the outlook.  Fighting wars costs money and so does bribing the citizenry to ensure you don’t get some kind of Arab Spring-type uprising. When you endeavor to artificially suppress the price of the export that is the source for your wealth and international prestige (all in an epic attempt to bankrupt the competition and secure geopolitical “ancillary benefits”) you don’t do yourself any favors from a financial perspective and now, the Saudis are staring down a massive budget deficit and a current account that’s in the red for the first time in ages. So while things may look on the up and up from an FX reserve perspective (even as the cushion is at its lowest level since 2013) and while the kingdom has plenty of capacity to borrow with a debt-to-GDP ratio of just a little over 2%, things are about to get ugly very quickly going forward and if Riyadh decides to plunge headlong into Syria’s civil war, it will only get worse. Note that while debt levels are likely to stay low relative to a world where countries like Japan are borrowing so much that the number of decimal places won't even fit into a title, going from basically 0% to ~16% of GDP in the space of just 24 months isn't exactly a good sign:

srael has granted oil exploration rights inside Syria, in the occupied Golan Heights, to Genie Energy. Major shareholders of Genie Energy – which also has interests in shale gas in the United States and shale oil in Israel – include Rupert Murdoch and Lord Jacob Rothschild. This from a 2010 Genie Energy press release: Claude Pupkin, CEO of Genie Oil and Gas, commented, “Genie’s success will ultimately depend, in part, on access to the expertise of the oil and gas industry and to the financial markets. Jacob Rothschild and Rupert Murdoch are extremely well regarded by and connected to leaders in these sectors. Their guidance and participation will prove invaluable.” “I am grateful to Howard Jonas and IDT for the opportunity to invest in this important initiative,” Lord Rothschild said. “Rupert Murdoch’s extraordinary achievements speak for themselves and we are very pleased he has agreed to be our partner. Genie Energy is making good technological progress to tap the world’s substantial oil shale deposits which could transform the future prospects of Israel, the Middle East and our allies around the world.” For Israel to seek to exploit mineral reserves in the occupied Golan Heights is plainly illegal in international law. Japan was succesfully sued by Singapore before the International Court of Justice for exploitation of Singapore’s oil resources during the second world war. The argument has been made in international law that an occupying power is entitled to opeate oil wells which were previously functioning and operated by the sovereign power, in whose position the occupying power now stands. But there is absolutely no disagreement in the authorities and case law that the drilling of new wells – let alone fracking – by an occupying power is illegal.

Israel tried to make the same move twenty years ago but was forced to back down after a strong reaction from the Syrian government, which gained diplomatic support from the United States. Israel is now seeking to take advantage of the weakened Syrian state; this move perhaps casts a new light on recent Israeli bombings in Syria. In a rational world, the involvement of Rothschild and Murdoch in this international criminal activity would show them not to be fit and proper persons to hold major commercial interests elsewhere, and action would be taken. Naturally, nothing of the kind will happen.

The yuan is about to enter the IMF’s basket of reserve currencies this coming Saturday - alongside the US dollar, pound, euro and yen. This is no less than a geoeconomic earthquake. Not only does this represent yet another step in China’s irresistible path towards economic primacy; the Chinese currency’s inclusion in the Special Drawing Rights (SDR) basket will also lead central banks and hyper-wealthy funds – especially from the US – to increasingly buy more Chinese assets.At the first US presidential debate, Donald Trump took no prisoners, criticizing China’s currency manipulation. This is what he said:“You look at what China’s doing to our country in terms of making our product, they’re devaluing their currency and there’s nobody in our government to fight them… They’re using our country as a piggy bank to rebuild China, and many other countries are doing the same thing.”

Well, China is not “making our product”; the manufacturing process is Made in China – then exported to the US. Most of the profits benefit US corporations – everything from design, licensing and royalties to advertising, financing and retail margins. If the mantras manage to spell out a partial truth - the US has lost manufacturing jobs to China, China is the “factory of the world” – they don't spell out the hidden truth that those who profit are essentially major corporations.China does not “devalue their currency”; the People’s Bank of China periodically adjusts the yuan according to a very narrow band. The major practitioners of quantitative easing (QE) are actually the US, as well as Japan and the European Central Bank (ECB). And the currency of global consumer goods manufacturing continues to be the US dollar, not the yuan.

Beijing also is not “using our country as a piggy bank to rebuild China.” This is all about balance of payments. What US consumers spend on Made in China products – many of them delocalized by US corporations – is pumped back to the US as capital inflows that keep interest rates down and help to support the Empire of Chaos’s global hegemony.